New claims for jobless insurance benefits in the United States rose unexpectedly for the second straight week, the government said Thursday on concerns unemployment may derail the economic recovery.
Claims climbed to 472,000 in the week to June 12, an increase of 12,000 from the previous week's revised figure of 460,000, the Labor Department said.
Most economists had expected claims to fall to 450,000.
Unemployment stands at nearly 10 percent, posing a major threat to recovery from the most severe recession in decades.
No comments:
Post a Comment